Back in the Saddle Again!

By
Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

Back in the Saddle Again! 

 

It's been a crazy week and I'm glad to be Back in the Saddle Again!  I've written a couple of posts about what I've been working on, leasing out my current home and buying another one.  This stuff makes for drama that could give anyone high blood pressure!  For now, let's just say I'm glad to be Back in the Saddle Again after the most drama filled lending experience in my 30 years of owning homes!

 

I'm prepared to write posts on the following:

 

Managing Expections for Lending to Self-Employed Contractors

 

How Best to be Prepared to Buy A Home as a Self-Employed Contractor

Back in Action

Using Real Estate to Supplement Retirement Income

 

The Benefits & Best Practices of Making a Home Energy Efficient

 

Steps to Downsize an HVAC System via Enery Efficiency

 

Buying a Home to Retrofit for Energy Efficient Features

 

And finally, Patience is  a Virtue with Real Estate Purchases! 

 

This has been the craziest 6 weeks I've ever endured in real estate, or in business for that matter.   From buying my first home in 1984; relocating to 3 other States; selling at the height of the market; remodeling at the downfall; experienced the ride with the same company; and now building my real estate holdings. As a former banker, securities licensed insurance agent, and business owner, I get finance.  

I get that Fannie Mae in their infinite wisdom is protecting their ASSets and that I'm just a lowely peon with an 800+ FICO score and plenty of income to buy another home - but oh I digress! 

Stay tuned while I detail the hurdles fit for a triathlete during the last 10 days of buying another home!

 

 

Feels good to be Back in the Saddle Again! 

 

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HomeSmart Elite Group                                  

8388 E Hartford Dr., Suite 100

Scottsdale, AZ 85255                                                         

(602) 620-2699   DIRECT

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Rainmaker
4,081,253
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jan, goodness, hope you are over the hurdles, and yes lending has certainly changed since 2008 for us self-employed!   Good luck! 

Jul 24, 2015 06:41 AM #1
Rainmaker
2,537,903
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

There is a reason they say buying and selling homes is among the top stress causes to humans.  Just because we work in the real estate arena, doesn't mean that it becomes a whole lot easier when we deal with our own moves.

Jul 24, 2015 10:39 AM #2
Ambassador
1,343,781
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

Jan, well, you're a go-getter FOR SHORE...and you've got some great mentors ridin' ahead of you to show you the way! (Great future topics that you'll be covering, too).

Jul 24, 2015 12:22 PM #3
Rainer
270,274
Rosemarie Heindel
Harry Norman Realtors - Big Canoe, GA
Rosemarie Heindel

Looking forward to reading your upcoming posts on all of those topics. Good luck in your new house.

Jul 24, 2015 03:54 PM #4
Rainmaker
2,394,954
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

It sounds like you have some experiences to tell us about.  If you had another agent managing your purchase would you have believed them when they explained what was going on?  That is where most of our clients are at.  They don't have the knowledge or experience that we do.

Jul 26, 2015 12:53 AM #5
Rainmaker
978,622
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Joan Cox - Hurdles aplenty!  You aren't kidding either.  The amazing thing about the last 6 weeks is that closing a week late for me would have meant closing 2 weeks late for a client because I was Johnny On the Spot with anything they needed.  Thanks for commenting and have a great Sunday!

Myrl Jeffcoat - You're right!  We are NOT spared from providing as much detail when buying a home.

Gayle Rich-Boxman Fishhawk Lake Realtor (503)755-2905 - One of my former careers as a banker couldn't have prepared me for even this level of requirement in financing this home!  

Rosemarie Heindel -  Thank you - should make for fun reading!

Evelyn Johnston - You're right. A buyer would have been entirely irritated by the amount and information required to finance.  And they'd be at work and not able turn around the response as fast either.  

Jul 26, 2015 04:30 AM #6
Rainmaker
1,303,876
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Your upcoming posts look pretty interesting - they're all fresh new ideas that I haven't seen before and I'm looking forward to reading them!

Jul 26, 2015 09:49 PM #7
Rainmaker
978,622
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Wayne and Jean Marie Zuhl - well then, stay tuned!  Thanks for commenting.  Working on one now!  

Jul 27, 2015 02:17 PM #8
Rainmaker
578,649
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Jan, I am ready to read about your buying saga. Been there, done that. And self-employed contractors need a close working relationship with their banker! Am staying tuned!!

Aug 05, 2015 10:31 AM #9
Ambassador
1,722,844
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Jan - you are a hero for even trying it.

I would never understand how the banks, that had no problem to give $500K loan for a house in 2005 would refuse to give $200K for the very same house.

I see no logic. So, the house, that cost to built $300K could easily be financed in 2005, but now for less than replacement cost it can't. I am sure when the market goes crazy again, it would again become easy to financed it and get $500K.

Aug 16, 2015 10:36 AM #10
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Rainmaker
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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